Related party transactions and balances

9 Months Ended

Sep. 30, 2020

Related Party Transactions [Abstract]

Related party transactions and balances

8.       Related Party Transactions and Balances

		Three months ended September 30, 2020	Three months ended September 30, 2019	Nine months ended September 30, 2020	Nine months ended September 30, 2019
		$	$	$	$
Related party transaction included within interest expense:
Interest expenses on promissory notes issued to relatives of the Chairman and Chief Executive Officer of the Company		78,982	74,782	236,945	224,344
Interest expense on lines of credit payable to the Chairman and Chief Executive Officer of the Company and his spouse		369,655	343,978	1,089,110	1,016,123
Interest expense related to the modification of stock options held by the Chairman and Chief Executive Officer of the Company and his spouse related to financing provided		-	-	-	1,085,371
Related party transactions included within general, selling and administration expenses:
Consulting fees to the Chairman and Chief Executive Officer of the Company accrued on the line of credit available to the Company		62,400	47,400	187,200	142,200
Stock options granted to four members of the Board of Directors of the Company		-	-	-	770,421
Selling, general and administration expense related to the modification of stock options to three members of the Board of Directors		-	-	-	799,625
Related party transactions included within product development costs
Consulting fees to a relative of the Chairman and Chief Executive Officer of the Company	30,000		30,000	90,000	90,000

Interest on promissory notes payable to related parties, management compensation and compensation paid to a relative of a director have been recorded at the exchange amount, which is the amount agreed to by the parties. Options granted to related parties have been recorded at their estimated fair value.